NOT LISTED FOR SALE

Estimated Value: $425,000 - $517,000

2 Beds
1 Bath
2,280 Sq Ft
$208/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $229,000 $100 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $2,643/month

34 Days on Market

Highlights

  • Mountain View
  • Covered patio or porch
  • Bathtub with Shower
  • Contemporary Architecture
  • Breakfast Area or Nook
  • 2-minute walk to Seneca Park

About This Home

As of March 2018

6 apartments on 2 separate tax parcels. Investment opportunity with good income and a cap rate of over 8% cap rate. All units have fireplaces, tile, painted concrete and carpet in bedrooms, AC covered patios, washer & dryer hook up. Tenants pay for electric and water, no gas & plenty of parking. Always rented and close to everything! Owner is a licensed agent in Arizona.

Last Agent to Sell the Property

Victor Nasser

Tierra Antigua Realty Listed on: 02/20/2018

Tierra Antigua Realty

Co-Listed By

Esperance Nasser

Tierra Antigua Realty

Last Buyer's Agent

Nina Marvcesim

OMNI Homes International

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,915

Year Built

  • Built in 1979

Lot Details

  • 9,147 Sq Ft Lot
  • East or West Exposure
  • Block Wall Fence
  • Native Plants
  • Back Yard

Home Design

  • Triplex
  • Contemporary Architecture
  • Frame With Stucco
  • Rolled or Hot Mop Roof
  • Built-Up Roof

Interior Spaces

  • Bathtub with Shower
  • 2,280 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room
  • Mountain Views

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Parking

  • 10 Parking Spaces
  • Gravel Driveway

Outdoor Features

  • Courtyard
  • Covered patio or porch

Location

  • Ground Level

Schools

  • Blenman Elementary School
  • Doolen Middle School
  • Catalina High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • Palo Verde Amended Subdivision

Building Details

  • Insurance Expense $800
  • Maintenance Expense $1,500
  • Water Sewer Expense $700
  • Gross Income $23,144
  • Net Operating Income $20,144

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,915

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 3 Plex
  • Style: Contemporary
  • Technology: Cable TV, High Speed Internet, Telephone
  • Accessibility Options: None
  • Legal Description: Palo Verde Amended N6.1' s244' E157.75' Lot 4 BLK 4
  • Attached Detached: Attached
  • List Price per Sq Ft: 103.07
  • Subdivision Restrict C C And Rs: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Window Coverings: Stay
  • Floor Covering: Carpet, Ceramic Tile, Concrete
  • Gross Sq Ft: 2280.00
  • Bathroom Features: Shower & Tub/Hall
  • Breakfast: Area
  • Dining Areas: Dining in LR/GR
  • Dining Room: Area
  • Kitchen Features Appliance Color: Black
  • Living Areas: Living Room
  • Laundry: Dryer Included, Washer Included
  • Extra Room: None
  • Kitchen Features: Dishwasher, Double Sink, Electric Range, Refrigerator
  • Interior Steps: No

Exterior Features

  • Construction: Frame - Stucco
  • Construction Status: Existing
  • Driveway Paved: Gravel
  • F E M A Flood Zone: No
  • Fence: Block
  • Landscape Front: Decorative Gravel
  • Landscape Rear: Low Care
  • Patio Deck: Covered
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up - Reflect, Rolled
  • Spa: None
  • View: Mountain(s), Sunrise, Sunset
  • Exterior Feature: Courtyard

Garage/Parking

  • Total Parking: 10

Utilities

  • Water: City Water
  • Water Heater: Electric
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: None
  • Main Cooling: Central Air
  • Main Heating: Heat Pump
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: No
  • Neighborhood Features: None

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Maintenance Supplies: 1500.00

Schools

  • School District: TUSD
  • Elementary School: Blenman
  • Middle School: Doolen
  • High School: Catalina

Green Features

  • Green Features: Kit Exhaust Out, Only Native Plants

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.21
  • Lot Dimensions: Unknown
  • Lot Features: East/West Exposure
  • Lot Size Price Sq Ft: 25.69
  • Lot Sq Ft: 9147.00
  • Lot Sz Sold Prc Sq Ft: 25.04
  • Municipality Zoning: Tucson - R1
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1979

Rental Info

  • Utilities Paid Cable TV: Tenant
  • Utilities Paid Electric: Tenant
  • Utilities Paid Gas: Tenant
  • Utilities Paid Insurance: Owner
  • Utilities Paid Sewer: Owner
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Owner
  • Utilities Paid Water: Owner

Tax Info

  • Tax Code: 122-16-0410
  • Taxes: 1914.72
  • Tax Year: 2017
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Doolen
  • Elementary School: Blenman
  • High School: Catalina
  • School District: TUSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2022
Sold by
Atchison Christopher N
Bought by
2331 Ndb Llc
Current Estimated Value
$452,726

Purchase Details

Listed on
Feb 20, 2018
Closed on
Mar 26, 2018
Sold by
Esperance Nasser Nasser and Esperance Nasser
Bought by
Atchison Christopher N
Seller's Agent
Victor Nasser
Tierra Antigua Realty
Buyer's Agent
Nina Marvcesim
OMNI Homes International
List Price
$229,000
Sold Price
$229,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.06%
Original Mortgage
$171,750
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2006
Sold by
Wheeler Larry
Bought by
Nasser Nasser

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,750
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2005
Sold by
Villamana Robert L
Bought by
Wheeler Larry

Purchase Details

Closed on
Aug 9, 2005
Sold by
Wheeler Ellyn
Bought by
Wheeler Larry
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
2331 Ndb Llc -- New Title Company Name
Atchison Christopher N $229,000 Stewart Title & Trust Of Tuc
Nasser Nasser $313,000 Ttise
Wheeler Larry $290,000 Long Title Agency
Wheeler Larry -- Long Title Agency
Wheeler Larry -- Long Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Atchison Christopher N $171,750
Previous Owner Nasser Nasser $234,750
Previous Owner Villamana Robert L $49,999
Closed Nasser Nasser $31,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2018 03/30/18 Sold $229,000 0.0% $100 / Sq Ft
02/28/2018 02/28/18 Pending -- -- --
02/20/2018 02/20/18 For Sale $229,000 -- $100 / Sq Ft
Source: MLS of Southern Arizona

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,981 $15,770 -- --
2023 $1,981 $15,019 -- --
2022 $1,992 $14,304 $0 $0
2021 $1,981 $12,974 $0 $0
2020 $1,920 $13,661 $0 $0
2019 $1,895 $12,356 $0 $0
2018 $1,854 $11,642 $0 $0
2017 $1,915 $11,642 $0 $0
2016 $1,971 $11,642 $0 $0
2015 $2,005 $11,642 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21805247

MLS of Southern Arizona

APN: 122-16-0410